sebi:VKV/AS/AO-48/2018
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Facts / Headnote
Adjudication proceedings disposed of without penalty
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Golden Tourist Resorts & Developers Ltd
Holding
The adjudication proceedings against the Noticee for failure to take SCORES authentication and resolve investor grievances were disposed of without penalty as the allegations were held not established.
Full text
Adjudication Order against M/s Golden Tourist Resorts & Developers Ltd March 20, 2018 Page 2 of 3 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order against M/s Golden Tourist Resorts & Developers Ltd March 20, 2018 Page 3 of 3 c) What quantum of monetary penalty should be imposed on the Noticee taking into consideration the factors mentioned in Section 15J of the SEBI Act, 1992?
4. The undersigned was appointed as Adjudicating Officer, vide order dated February 13, 2015, under section 15-I of SEBI Act and rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as “Adjudication Rules”) to enquire into and adjudge under section 15C and 15HB of Securities and Exchange Board of India, Act, 1992 (hereinafter referred to as "SEBI Act, 1992”) for the alleged violations committed by the Noticee.
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Source: SecMarx — sebi:VKV/AS/AO-48/2018. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.